Lecap Asset Management Ltd. Has $988,000 Holdings in The Hanover Insurance Group, Inc. (NYSE:THG)

Lecap Asset Management Ltd. grew its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 68.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,682 shares of the insurance provider's stock after purchasing an additional 2,306 shares during the period. Lecap Asset Management Ltd.'s holdings in The Hanover Insurance Group were worth $988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in The Hanover Insurance Group in the 1st quarter worth $2,342,000. Blue Trust Inc. boosted its position in shares of The Hanover Insurance Group by 55.2% during the 1st quarter. Blue Trust Inc. now owns 1,322 shares of the insurance provider's stock valued at $230,000 after acquiring an additional 470 shares in the last quarter. Johnson Investment Counsel Inc. acquired a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at about $209,000. State of Alaska Department of Revenue boosted its position in shares of The Hanover Insurance Group by 0.7% during the 1st quarter. State of Alaska Department of Revenue now owns 15,612 shares of the insurance provider's stock valued at $2,715,000 after acquiring an additional 110 shares in the last quarter. Finally, Precision Wealth Strategies LLC acquired a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at about $702,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Piper Sandler lifted their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, JMP Securities lifted their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $179.50.

The Hanover Insurance Group Price Performance

Shares of NYSE THG traded down $1.20 during trading on Friday, reaching $167.69. The company had a trading volume of 429,932 shares, compared to its average volume of 214,596. The Hanover Insurance Group, Inc. has a 52 week low of $123.17 and a 52 week high of $178.68. The stock has a market cap of $6.02 billion, a PE ratio of 13.96 and a beta of 0.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The business's 50 day moving average price is $168.44 and its 200-day moving average price is $163.15.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a net margin of 6.98% and a return on equity of 18.23%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the company earned $3.08 EPS. The Hanover Insurance Group's revenue was up 3.4% on a year-over-year basis. Analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio is 29.98%.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the sale, the executive vice president now owns 25,864 shares in the company, valued at $4,308,942.40. The trade was a 28.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Roche sold 301 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now owns 124,414 shares of the company's stock, valued at approximately $21,772,450. This represents a 0.24% decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

The Hanover Insurance Group Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.